SS&C Technologies Holdings, Inc. (SSNC) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

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BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,034 shares of the technology company’s stock after selling 2,733 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in SS&C Technologies were worth $3,271,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. FDx Advisors Inc. acquired a new position in shares of SS&C Technologies during the first quarter valued at about $321,000. Wells Fargo & Company MN raised its holdings in shares of SS&C Technologies by 12.0% during the first quarter. Wells Fargo & Company MN now owns 138,771 shares of the technology company’s stock valued at $7,445,000 after purchasing an additional 14,852 shares during the period. Comerica Bank raised its holdings in shares of SS&C Technologies by 51.9% during the first quarter. Comerica Bank now owns 13,742 shares of the technology company’s stock valued at $696,000 after purchasing an additional 4,696 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of SS&C Technologies by 1.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 497,308 shares of the technology company’s stock valued at $26,676,000 after purchasing an additional 6,020 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of SS&C Technologies by 22.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,750 shares of the technology company’s stock valued at $615,000 after purchasing an additional 1,960 shares during the period. Hedge funds and other institutional investors own 83.58% of the company’s stock.

SSNC opened at $55.15 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.63. SS&C Technologies Holdings, Inc. has a fifty-two week low of $37.45 and a fifty-two week high of $60.97. The stock has a market capitalization of $14.22 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. SS&C Technologies had a net margin of 9.99% and a return on equity of 14.43%. The company had revenue of $908.50 million for the quarter, compared to analyst estimates of $903.63 million. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s revenue was up 121.0% compared to the same quarter last year. equities analysts forecast that SS&C Technologies Holdings, Inc. will post 2.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.58%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 31st. SS&C Technologies’s dividend payout ratio is presently 17.88%.

Several equities analysts have recently weighed in on SSNC shares. ValuEngine upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup assumed coverage on shares of SS&C Technologies in a report on Tuesday, June 12th. They issued a “buy” rating and a $62.00 target price on the stock. BidaskClub upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 30th. Sandler O’Neill restated a “buy” rating and issued a $62.00 target price on shares of SS&C Technologies in a report on Monday, July 23rd. Finally, Credit Suisse Group assumed coverage on shares of SS&C Technologies in a report on Thursday, May 31st. They issued an “outperform” rating and a $60.00 target price on the stock. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $60.91.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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